So a few websites, mlbtraderumors among them, have covered the recent contract restructuring of Andruw "What a waste of 36.2 million dollars" Jones. Essentially, Jones was owed one year of $15 million dollars. To save cap space/make Jones easier to trade, they instead spread the $15 over the next 6 years. Kinda weird...but kinda nice, right?
Well the Dodgers are lucky, because Jones agreed to no interest. But in 2000, the Mets were not so lucky with Bobby Bonilla. He was all set to collect a nice $5.9 million in 2000 after an awful 1999, but the Mets needed the money. So the Mets decided to defer his pay...for 11 years...with interest. Bobby Bonilla is now set to earn 25 equal payments of $1,193,248.20 each July 1 from 2011 to 2035. For a total of $29,831,205.
All so that the Mets could save $5.9 million. And Bonilla retired, after collecting additional paychecks from the Braves and Cardinals, in 2001.
Is that genius or what?
Bobby Bonilla is a Genius
